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20121129
Search Results 0 to 5 of about 6 (some duplicates have been removed)
. >> reporter: eric smith heads the america's division of swiss re. >> reinsurance is about all forms of risk, whether its health, or life, or your home, or your property, the math behind it works the most effectively if you can spread the risk around the globe in all sorts of different forms. >> reporter: insurance companies buy their own insurance-- reinsurance-- from huge firms like swiss re which, because of their size, can afford the fullest data, plug in into the most sophisticated risk models. and doing just that, swiss re actually warned us of an east coast storm like sandy in 2006. after hurricane katrina, swiss re's head of catastrophe perils, andy castaldi, worried aloud about warming seas and more violent storms in the gulf. but, he told me: >> i'm also concerned about the new york bay and long island would be inundated by a flood, due to a category 3 storm. a storm surge could completely flood the airport at jfk. 13 feet of sea water is not out of or to 17 feet is not out of the question. >> reporter: so the blue is sandy's storm surge. we interviewed castaldi again last week, af
nathan and laura debonis. >> my name is brittany smith, and i'm nine years old. it's tough because my mom and dad are poor. my dad just lost his job. it's kind of hard for us. monday i tried getting in the shower, and it was cold. i put the hot on all the way and no cold, and it was freezing. it felt like shoving your face in a bunch of snow. it was freezing! the hot water shut off because we didn't pay the bill in time. it was overdue. >> so what's the next bill due? >> electricity. it's going to be $318. we just need to put roger's ass to work. >> yeah. >> when you see the flat-screen tv and the computers and our ps3 and stuff, that's just things we've acquired over the years, stuff that we've had before all this happened, like when we were not this poor. >> sink's broke. i don't know how or why, but it broke. and the cheapest plumber is, like, $65 an hour. i can't even afford $20. >> we lived in a farmhouse. my dad lost his job from picture perfect. he got laid off, and we got kicked out of there. we moved here. it's not very big. we didn't have enough room, so we had to put stuff in s
different c.e.o. when he came back, much more able. but the google guys had to bring in eric smith and mark zuckerberg had to bring in sheryl sandberg and that's a very normal thing that happens in these companies. the founders have to -- sometimes they have division t vision, the passion, the brilliance but they don't have the managerial skills. >> rose: what happened in the i.p.o.? >> i think they let it get out ahead of them. i think they were too bullish, too optimistic about how well it was going to go and let wall street persuade them that, oh, we can do it at this price and they couldn't. and people say -- and then there were glitches in the way -- >> rose: but no one doubt it is leadership of zuckerberg and sandberg? >> no, i think they are solid. he is a guy who acknowledged mistakes in the i.p.o. he is a man -- he's brilliant. he knows what he's doing. he's got the passion, he stays behind it. he understood that he was not a manager and he brought her in and she's a good manager and very good with people which is not always his skill and not always his skill with a lot of these fo
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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